Since the last post where I mentioned LTC might "possibly" be going much lower to the mid 40's, it made a nice bull trap and went down about 15 % from there. I did mention there could be a few bounces here and there. The sentiment looks now considering that the on the 4hr chart is below 35 and maybe a good scalp buy but I don't think its time to go full long. Some will see this as an opportunyty to start accumulating long by average buying as it dips "if it dips further.
We'll be watching.
I believe its following BTC movements as well so both need keeping an eye on.
NOTE: THIS IS NOT A FINANCIAL ADVISE, JUST MY OPINION OF THE MARKET JOTTED DOWN.
Don't forget the discuss your opinions and charts in the comment section :D
This is NOT financial or trading advice or trading advice, just my opinion of the market